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Our renewed monetary policy framework

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In 2021, we renewed Canada’s flexible inflation-targeting framework for 2022 to 2026.

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Climate change and the Bank of Canada

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![The next bank NOTE-able Canadian][59]

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The next bank NOTE-able Canadian

][60]

See the short list of portrait candidates for the next $5 bank note.

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About legal tender

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Find out what “legal tender” means, why legal tender status changes, and how to redeem older bank notes.

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![Monetary Policy Report – January][77]

[

Monetary Policy Report - January 2022

][78]

The Canadian economy entered 2022 in a strong position. The Bank is forecasting growth of 4% in 2022 and about 3½ % in 2023.

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[

Monetary Policy Report - Press Conference (Webcasts) - January 2022

][112]

Release of the Monetary Policy Report – Press conference by Governor Tiff Macklem and Carolyn Rogers, Senior Deputy Governor (11:00 (ET) approx.).

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Monetary Policy Report - January 2022

January 26, 2022

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Available as: [PDF][131]

The Canadian economy entered 2022 in a strong position. The Bank is forecasting growth of 4% in 2022 and about 3½ % in 2023.

What you need to know about the Bank of Canada’s assessment of the Canadian economy.

Content Type(s): [Publications][132], [Monetary Policy Report][133]

[

Bank of Canada maintains policy rate, removes exceptional forward

guidance

][134]

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %.

[

Monetary Policy Report - Press Conference (Webcasts) - January 2022

][112]

Release of the Monetary Policy Report – Press conference by Governor Tiff Macklem and Carolyn Rogers, Senior Deputy Governor (11:00 (ET) approx.).

[

Monetary Policy Report Press Conference Opening Statement

][135]

Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.

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